650 Courtenay PkwyMerritt Island, FL 32952

Property Details for 650 Courtenay Pkwy

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.42 AC

Property size (Sq ft)

17,752 SF

Zone code

BU1/BU2

Property type

Office properties

Property subtype

Office buildings

APN

25-36-02-00-00023.0-0000.00

APU

9223372036854775807

Description

This exceptional three-story Class B medical office building, located at 650 S Courtenay Pkwy, Merritt Island, FL 32952, offers 11,904 square feet of versatile space. Built in 1984, the single building sits on a 2.42-acre lot and features multiple tenancies. Currently, there are two available suites ranging from 1,600 to 2,434 contiguous square feet, ideal for a variety of medical or general office uses. Each suite offers the convenience of private offices and restrooms, ensuring privacy and functionality. Ample parking is available for tenants and their clients, providing a convenient and accessible location for patients and staff. The property's location in Merritt Island, Florida, offers excellent visibility and accessibility. The minimum divisible space is 1,600 square feet, making it suitable for smaller practices or businesses, while the maximum contiguous space of 2,434 square feet allows for expansion opportunities. The property's APN is 25-36-02-00-23. This is a fantastic opportunity to secure high-quality office space in a desirable location. First-floor spaces are available.

• CAP approach

  CAP return

  Valuation

  6%

  $4,612,770

  6.5%

  $4,257,942

  7%

  $3,953,803

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,890,400

  Geo Method

  $2,787,596

• Alternative Use

  Use

  Valuation

  Residential

  $5,279,848

  Hospitality

  $4,836,312

  Educational

  $4,023,754

  Medical

  $4,162,138

  Retail

  $6,259,174

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3458

Longitude

-80.6979

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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